Kimco Realty Corp. to participate at the Bank of America Merrill Lynch Global Real Estate Conference, New York City, September 13, 2017

NEW HYDE PARK, N.Y., 2017-Sep-12 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced today that its management will participate in the Bank of America Merrill Lynch Global Real Estate Conference on Wednesday, September 13, 2017 in New York City. Kimco management will provide a general overview of the company followed by a question and answer session. The webcast information is as follows:

Event: Kimco Realty Corp. Management Presentation at Bank of America Merrill Lynch Global Real Estate Conference
When: Wednesday, September 13, 2017 from 2:10 P.M. – 2:45 P.M. EDT
Where: Live webcast can be accessed by clicking on the following link:
Kimco Bank of America Merrill Lynch Global Real Estate Conference or by entering http://www.veracast.com/webcasts/baml/realestate2017/id15207367821.cfm in your browser.

If you are unable to participate during the live webcast, audio from the conference will be available until December 11, 2017 at the link above.

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Senior Vice President, Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty to release its 2Q 2017 earnings on Wednesday, July 26, 2017

NEW HYDE PARK, N.Y., 2017-May-14 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) will announce its second quarter 2017 earnings on Wednesday, July 26, 2017 after market closes. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Thursday, July 27, 2017 at 10:00 AM EDT.

Event: Kimco Realty’s Second Quarter Financial Results

When: 10:00 AM EDT, July 27, 2017

Live Webcast: 2Q17 Kimco Realty Earnings Call under Kimco Investor Relations

Dial #: 1-888-317-6003 (Passcode: 1525994)

If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. A taped presentation of the call can also be accessed through Friday, October 27, 2017 by dialing 1-877-344-7529 (passcode: 10107008).

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of March 31, 2017, the company owned interests in 517 U.S. shopping centers comprising 84 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SOURCE: Kimco Realty Corporation

Contact

Kimco Realty Corporation
David F. Bujnicki
1-866-831-4297
Senior Vice President
Investor Relations and Strategy
dbujnicki@kimcorealty.com

Kimco Realty Corp. to announce its 1Q 2017 earnings on Wednesday, April 26, 2017

NEW HYDE PARK, New York, 2017-Feb-25 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) will announce its first quarter 2017 earnings on Wednesday, April 26, 2017 after market closes. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Thursday, April 27, 2017 at 10:00 AM EDT.

Event: Kimco Realty’s First Quarter Financial Results

When: 10:00 AM EDT, April 27, 2017

Live Webcast: 1Q17 Kimco Earnings Conference Call under Kimco Investor Relations

Dial #: 1-888-317-6003 (Passcode: 1279218)

If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. A taped presentation of the call can also be accessed through Thursday, July 27, 2017 by dialing 1-877-344-7529 (passcode: 10101788).

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2016, the company owned interests in 524 U.S. shopping centers comprising 85 million square feet of leasable space across 34 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corporation
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty Corp. closed on a new $2.25 billion unsecured revolving credit facility with 19 lending institutions

NEW HYDE PARK, N.Y., 2017-Feb-03 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM), one of North America’s largest publicly traded owner and operator of open air shopping centers, announced that it has closed on a new $2.25 billion unsecured revolving credit facility with commitments from 19 lending institutions, replacing the company’s existing $1.75 billion unsecured credit facility. The new facility is scheduled to mature on March 17, 2021 (or March 17, 2022 if Kimco exercises two six-month options to extend the maturity date). Interest on borrowings accrues at an annual rate of LIBOR plus 87.5 basis points. In addition, the facility includes a $500 million sub-limit which provides the company the opportunity to borrow in alternative currencies including Canadian dollars, British pounds sterling, Japanese yen or euros.

“The strength of Kimco’s balance sheet continues to be demonstrated by the company’s ability to access capital at highly competitive terms,” said Glenn G. Cohen, Kimco executive vice president, CFO and treasurer. This new credit facility will provide the financial flexibility and liquidity necessary to pursue our 2020 Vision over the next several years. We are grateful to our bank group and the valuable role they play in helping us achieve these goals.”

JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, PNC Capital Markets LLC and RBC Capital Markets served as Joint Bookrunners, JPMorgan Chase Bank, N.A. served as Administrative Agent, and JPMorgan Chase Bank, N.A., Wells Fargo Securities, LLC, PNC Capital Markets LLC, RBC Capital Markets, The Bank of Nova Scotia, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Mizuho Bank, Ltd., Regions Capital Markets, U.S. Bank National Association, Barclays Bank PLC and Deutsche Bank Securities Inc. served as Joint Lead Arrangers.

ABOUT KIMCO

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2016, the company owned interests in 534 U.S. shopping centers comprising 86 million square feet of leasable space across 35 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Contact:
David F. Bujnicki
1-866-831-4297
Senior Vice President
Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty Corp. announces new retail leases at its Suburban Square in Ardmore, Pennsylvania

Two tenants to transform former Macy’s space; two additional leases signed

NEW HYDE PARK, N.Y., 2017-Jan-23 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced today (1/19/2017 ) that it has signed four retail leases totaling 94,100 square feet at its historic Suburban Square in Ardmore, Pennsylvania, kickstarting the next phase in its approximately $70 million repositioning of the center. Life Time® – The Healthy Way of Life Company will lease 78,636 square feet in the former Macy’s space for an upscale Diamond-level club featuring a premier healthy living, healthy aging and healthy entertainment destination, scheduled to open in fall 2017. Filling the remaining 10,540 square feet of the building is West Elm, a national popular, upscale home furnishing and accessories store.

These new leases are the latest development in Kimco’s transformation of Suburban Square through an all-encompassing redevelopment program. At completion, Suburban Square will provide an unparalleled shopping and lifestyle experience along the Main Line. The program includes new parking, beautification efforts, and the addition of a diverse roster of dining, retail, and health and beauty services options, all of which will create a modern day retail experience at this landmark Main Line destination.

The opening of Life Time Athletic Ardmore at Suburban Square will be the company’s fourth in the Philadelphia market following the openings of two additional locations this year in Fort Washington and King of Prussia. A location in Mount Laurel opened in 2015. As its premier flagship location in Philadelphia, the Suburban Square destination will offer Main Line residents exceptional boutique programming, specialized studios, and premium amenities, services and entertainment in a resort-like setting. An online Wait List has opened to be notified when memberships are available at www.lifetimeathletic.com/ardmore.

The Ardmore West Elm will be the retailer’s fifth location in Pennsylvania and is scheduled to open its doors in fall 2017.

In addition to Life Time Fitness and West Elm, Kimco has signed leases with Drybar and Anthony Vince’ Nail Spa. These leases come on the heels of recent retailer signings for SoulCycle; Sephora; Eaves, a local women’s apparel boutique; jeweler Kendra Scott; and a space expansion for outerwear retailer Barbour.

“These new leases kick off Phase II of the approximately $70 million, multi-year redevelopment of Suburban Square,” said Tom Simmons, President, Mid-Atlantic Region at Kimco Realty. “We are pleased with the progress of the first phase of development, and strategically planned this next layer to bring an exciting new selection of amenities and tenants to the center, with all construction being complete before Suburban Square’s 90th anniversary next year. Our diverse retailer mix features a blend of retail, services, medical, and dining options, offering something for everyone.”

For Phase I of the redevelopment, Kimco is currently constructing a four-level, 629-space parking garage at the Square’s East Lot. The garage, which will open in September 2017 prior to Life Time Fitness’ grand opening, will include 3,000 square feet of ground level retail space. Additionally, existing tenant Trader Joe’s is in the midst of a 4,000-square-foot expansion.

Once these projects are complete, Suburban Square will enter its third stage of the redevelopment in early 2018. The current “Commuter Lot” on Coulter Ave. will transform into “Station Row”—a mixed-use building with 20,000 square feet of street level retail space and 17,000 square feet of office space above; restaurant spaces with outdoor dining patios; and a new public plaza. The courtyard facing the new Life Time Athletic club and West Elm will also be redeveloped for shoppers to further enjoy the center.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2016, the company owned interests in 534 U.S. shopping centers comprising 86 million square feet of leasable space across 35 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

About Life Time®, The Healthy Way of Life Company

Life Time is a privately held, comprehensive healthy living, healthy aging and healthy entertainment Lifestyle Company that offers a personalized and scientific approach to long-term health and wellness. Through its portfolio of distinctive resort-like destinations, athletic events and corporate health services, the Healthy Way of Life Company helps members achieve their goals everyday with the support of a team of dedicated professionals and an array of proprietary health assessments. As of January 2017, the company operates 122 centers in 26 states and 35 major markets under the LIFE TIME FITNESS® and LIFE TIME ATHLETIC® brands in the United States and Canada. Additional information is available at www.lifetimefitness.com.

Contact:
Jennifer Maisch
Director, Corporate Communications
516-869-7224
jmaisch@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty Corp. to participate in the Bank of America Merrill Lynch Global Real Estate Conference

NEW HYDE PARK, New York, 2016-Sep-14 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced today (September 12, 2016) that its management will participate in the Bank of America Merrill Lynch Global Real Estate Conference on Wednesday, September 14, 2016 in New York City. Kimco management will provide a general overview of the company followed by a question and answer session. The webcast information is as follows:

Event: Kimco Realty Corp. Management Presentation at Bank of America Merrill Lynch Global Real Estate Conference

When: Wednesday, September 14, 2016 from 3:40 P.M. – 4:15 P.M. EDT

Where: Live webcast can be accessed by clicking on the following link: Kimco to Present at Bank of American Merrill Lynch Global Real Estate Conference or by entering http://www.veracast.com/webcasts/baml/realestate2016/id18206179516.cfm in your browser.

If you are unable to participate during the live webcast, audio from the conference will be available until December 12, 2016 at the link above.

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2016, the company owned interests in 537 U.S. shopping centers comprising 86 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp

Kimco Realty Corp. management to present at Barclays Global Financial Services Conference on September 13, 2016

NEW HYDE PARK, N.Y., 2016-Sep-10 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced today (9/9/2016) that its management will participate in the Barclays Global Financial Services Conference on Tuesday, September 13, 2016 in New York City. Kimco management will provide a general overview of the company followed by a question and answer session. The webcast information is as follows:

Event:   Kimco Realty Corp. Management Presentation at Barclays Global Financial Services Conference

When:   Tuesday, September 13, 2016 from 11:15 A.M. – 11:55 A.M. EDT

Where:   Live webcast can be accessed by clicking on the following link:    Kimco Barclays Global Financial Services Conference or by entering
https://cc.talkpoint.com/barc002/091216a_js/?entity=23_EKYDJMP in your browser.

If you are unable to participate during the live webcast, audio from the conference will be available until March 12, 2017 at the link above.

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2016, the company owned interests in 537 U.S. shopping centers comprising 86 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Contact:

Kimco Realty Corp.
David F. Bujnicki
1-866-831-4297
Senior Vice President, Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty Corp. implements several strategic initiatives to enhance its capital structure while improving both its growth profile and tax efficiency

NEW HYDE PARK, NEW YORK, 2016-Aug-01 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced the implementation of several strategic initiatives to enhance the company’s capital structure while improving both its growth profile and tax efficiency. The plans include: 1) Redeeming two outstanding series of Canadian-dollar-denominated notes totaling CAD $350 million due in 2018 and 2020; 2) Prepaying $428 million of secured and unsecured U.S. debt due in 2017; and 3) Merging the company’s primary taxable REIT subsidiary into Kimco.

As a result of these planned transactions, Kimco expects to realize recurring annualized cost savings of approximately $29 million, including approximately $9.5 million during 2016. The company further anticipates it will incur one-time charges against Net Income available to common stockholders (Net Income) of approximately $114 million, which includes $66 million of non-cash charges, and approximately $89 million related to NAREIT-defined Funds From Operations (FFO). The one-time charges are expected to reduce Net Income and FFO by approximately $0.27 per diluted share and $0.21 per diluted share, respectively, in the third quarter of 2016. The difference of $0.06 per diluted share between Net Income and FFO is attributable to the tax impact from impairment charges previously recognized on operating properties which were excluded from FFO. There will be no impact to FFO as Adjusted (which excludes the effects of non-operating impairments and transactional income and expenses) as a result of these one-time charges.

“Consistent with our 2020 Vision to strengthen our balance sheet and exit Canada, now is an optimal time to proactively address the company’s upcoming 2017 debt maturities, prepay our outstanding Canadian bonds and reduce the company’s overall leverage,” said Conor Flynn, President and Chief Executive Officer of Kimco. “Additionally, the merger of our primary taxable REIT subsidiary is expected to produce ongoing tax efficiencies and reduce administrative costs in the coming years.”

Canadian Bond Redemption
Continuing its announced exit from Canada, Kimco sold 22 assets during the second quarter of 2016, including a 17-property portfolio. The company currently has CAD $285 million in cash as a result of these and prior Canadian property sales, and an associated withholding receivable in excess of CAD $100 million, which is expected to be collected over the next several quarters. Specifically, Kimco intends to use its Canadian dollars on hand together with its USD $1.75 billion revolving credit facility to redeem the CAD $350 million of bonds outstanding (CAD $150 million at 5.99% due 2018 and CAD $200 million at 3.855% due 2020) on August 26, 2016. The company expects to incur a one-time prepayment charge of approximately USD $26 million in the third quarter of 2016. Kimco plans to repay borrowings under the revolving credit facility from the collection of the withholding receivable and the sale of the six remaining Canadian shopping centers in 2016.

Prepayment of U.S. Bond and Mortgage Debt
Kimco plans to simultaneously extend its debt maturity profile and improve its fixed charge and debt service coverages, while increasing its unencumbered asset pool. The company expects to prepay $428 million of secured and unsecured debt due in 2017 by redeeming its $291 million of 5.70% senior notes due 2017 on August 26, 2016 and through the defeasance of $137 million of mortgage debt at a rate of 6.32%. The company expects to incur a prepayment charge of approximately $22 million in the third quarter of 2016. These actions will address nearly half of the company’s 2017 debt maturities and unencumber ten properties. Kimco anticipates funding the prepayment of debt by utilizing its $1.75 billion revolving credit facility as well as through the sale of additional assets and, depending on market conditions, an unsecured bond offering during 2016.

Taxable REIT Subsidiary (TRS) Merger
The company plans to merge Kimco Realty Services, Inc. (the “TRS”) into Kimco (the “REIT”) which will effectively transfer ownership of certain desirable long-term shopping center assets, as well as the company’s investment in Albertsons, to the REIT. Any non-REIT qualifying assets or activities would reside in a newly formed taxable REIT subsidiary. The transaction will provide greater tax efficiency and reduce ongoing administrative costs.

In conjunction with the merger, Kimco will establish a valuation allowance against certain deferred tax assets currently on the balance sheet, resulting in a one-time non-cash charge against Net Income and FFO of $66 million and $41 million, respectively, in the third quarter of 2016.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2016, the company owned interests in 537 U.S. shopping centers comprising 86 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10- Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty Corp. implements several strategic initiatives to enhance its capital structure while improving both its growth profile and tax efficiency

NEW HYDE PARK, New York, 2016-Aug-01 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced that it will redeem $290,915,000 aggregate principal amount of its 5.70% Senior Notes due 2017 (CUSIP No. 49446RAH2) (the “Senior Notes”), representing all outstanding Senior Notes, on August 26, 2016 (the “Redemption Date”).

The Senior Notes were issued pursuant to an Indenture, dated as of September 1, 1993 (the “Base Indenture”), between Kimco and The Bank of New York Mellon (as successor in interest to IBJ Schroder Bank & Trust Company), as trustee (the “Trustee”), as supplemented and amended by the First Supplemental Indenture, dated as of August 4, 1994 (the “First Supplemental Indenture”), the Second Supplemental Indenture, dated as of April 7, 1995 (the “Second Supplemental Indenture”), the Third Supplemental Indenture, dated as of June 2, 2006 (the “Third Supplemental Indenture”), and the Fourth Supplemental Indenture, dated as of April 26, 2007 (the “Fourth Supplemental Indenture” and, together with the Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture, the “Indenture”), in each case entered into between Kimco and the Trustee. Pursuant to the terms of the Senior Notes, the redemption price (the “Redemption Price”) shall be equal to the greater of (i) 100% of the aggregate principal amount of the Senior Notes to be redeemed, plus accrued and unpaid interest on the Senior Notes to be redeemed to, but excluding, the Redemption Date, and (ii) the sum, as determined by an independent investment banker to be appointed by Kimco, of the remaining scheduled payments of principal and interest in respect of the Senior Notes being redeemed (exclusive of any interest accrued to, but excluding, the Redemption Date) discounted to the Redemption Date on a semi-annual basis (assuming a 360- day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, plus accrued and unpaid interest on the Senior Notes to be redeemed to, but excluding, the Redemption Date. The Redemption Price will be determined on August 23, 2016.

A notice of redemption and related materials will be mailed to holders of record of the Senior Notes on July 26, 2016. Holders that hold their Senior Notes through the Depository Trust Company (“DTC”) will be redeemed in accordance with the applicable procedures of DTC. Questions relating to the notice of redemption and related materials should be directed to The Bank of New York Mellon, in its capacity as paying agent for the redemption of the Senior Notes (the “Paying Agent”), at 1-800-254-2826. The address of the Paying Agent is The Bank of New York Mellon, 500 Ross Street, 12th Floor, Pittsburgh, Pennsylvania 15262.

This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results. The company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty Corp. and KRCX North Holdings, LLC: Redemption of $350 Million Canadian-Denominated Series 3 and Series 4 Notes

NEW HYDE PARK, New York, 2016-Aug-01 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) and its wholly-owned entity, KRCX North Holdings, LLC, announced today that the outstanding aggregate principal amount of CAD $150 million Series 3 5.99% notes, maturing April 13, 2018 (“Series 3 Notes”), and the outstanding aggregate principal amount of CAD $200 million Series 4 3.855% notes, maturing August 4, 2020 (“Series 4 Notes”), of KRCX North Holdings, LLC will be redeemed as of August 26, 2016 (“Redemption Date”).

The redemption amounts for the two series of notes will consist of (i) CAD $1,000 per CAD $1,000 principal amount of the notes, (ii) a Make-Whole Amount of approximately CAD $11.6 million, in respect of the Series 3 Notes in the aggregate and of approximately CAD $21.5 million, in respect of the Series 4 Notes in the aggregate and (iii) all accrued and unpaid interest on the notes to and including the Redemption Date (collectively, the “Redemption Price”).

In connection with this redemption, Kimco expects to incur a one-time prepayment charge of approximately CAD $33.1 million (USD $26 million) in the third quarter of 2016 related to the Make-Whole Amount which is subject to change based on interest rates and currency at the time of redemption.

The Redemption Price will be payable against presentation and surrender of the notes called for redemption at the following corporate trust office of the trustee for the notes:

BNY Trust Company of Canada
Attention: Operations
320 Bay Street, 11th Floor
Toronto, Ontario
M5H 4A6

This news release does not constitute a notice of redemption for any of the Series 3 Notes or Series 4 Notes. The formal notices of redemption are being provided separately in accordance with the terms of the Indenture governing the Series 3 Notes and Series 4 Notes.

ABOUT KIMCO

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty

SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results. The company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:
David F. Bujnicki
Senior Vice President, Investor Relations and Strategy
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty Corp. sells interests in 17-property Canadian portfolio to Anthem Properties Group Ltd.

NEW HYDE PARK, N.Y., 2016-Jun-13 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today announced that it sold its interests in a 17-property Canadian portfolio totaling 1.8 million square feet to Anthem Properties Group Ltd. for a gross sales price of CAD $413.2 million (USD $324.0 million), including the assumption of CAD $205.0 million (USD $160.7 million) of existing mortgage debt. Kimco’s share of the sales price and debt assignment was USD $291.6 million and USD $144.7 million, respectively.

Separately, during the second quarter, the company sold its interests in two additional shopping centers in Canada for CAD $99.3 million (USD $77.4 million), including the assignment of CAD $26.6 million (USD $20.6 million) of existing mortgage debt. Kimco’s share of the sales price and debt assumption was USD $38.7 million and USD $10.3 million, respectively.

With the completion of these transactions, Kimco has interests in nine remaining shopping centers in Canada. Since December 31, 2015, Kimco has sold 26 Canadian properties representing 85 percent of the company’s Canadian sourced net operating income. These transactions further Kimco’s 2020 Vision, the company’s strategic plan of owning and operating a highly concentrated portfolio of open air shopping centers in the major, metro markets throughout the U.S.

ABOUT KIMCO
Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of March 31, 2016, the company owned interests in 550 U.S. shopping centers comprising 88 million square feet of leasable space across 36 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT

The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2015, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Senior Vice President, Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty Corp sold 9.2 acres of land to Target Corp for the construction of a new store in Kimco’s Grand Parkway Marketplace

Target to anchor ground-up development project in Houston

NEW HYDE PARK, NEW YORK, 2016-Mar-03 — /EPR Retail News/ — Kimco Realty Corp. (“Kimco”) (NYSE: KIM) is pleased to announce the sale of 9.2 acres of land to Target Corporation for the construction of a new store in Kimco’s Grand Parkway Marketplace, a development in Spring, Texas (Houston-The Woodlands-Sugar Land, Texas metropolitan statistical area). Target will be an anchor retailer for this project.

The property is located at the interchange of Grand Parkway and Kuykendahl Road, a rapidly growing area near the Exxon Corporate Campus that features direct exposure to the new segment of the Grand Parkway, which extends from I-290 to I-45, and opened in early February of 2016.

The Grand Parkway Marketplace development is currently 75% pre-leased based on leases in progress and signed letters of intent, including six leases with national, best-in-class junior anchors. The center is expected to draw from the highly desirable Woodlands area, and boasts excellent demographics with a population of 168,000 people and an average household income exceeding $100,000 within a 5-mile radius.

“We are excited to have Target anchor our Grand Parkway Marketplace development project. Based upon the strong retailer demand, we will create a unique open-air shopping center that will feature an exceptional first-class line-up of national tenants and local favorites in one of our core major metro markets,” said Conor Flynn, President and Chief Executive Officer of Kimco. “This project is just part of our overall 2020 Vision focused on creating value through selective development and redevelopment opportunities.”

Kimco anticipates beginning construction of the 450,000 square-foot open air center in the summer of 2016 with the opening scheduled for the spring of 2017.

About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of December 31, 2015, the company owned interests in 564 U.S. shopping centers comprising 90 million square feet of leasable space across 38 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

CONTACT:
Kimco Realty Corp.
David F. Bujnicki
Senior Vice President, Investor Relations and Corporate Communications
1-866-831-4297
dbujnicki@kimcorealty.com

Kimco Realty Corp. announces the appointment of Conor C. Flynn as President and Chief Executive Officer

NEW HYDE PARK, N.Y., 2016-1-5 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced that Conor C. Flynn, President and Chief Executive Officer, has been appointed to the company’s Board of Directors effective January 1, 2016, simultaneous with his elevation to the CEO role. Mr. Flynn succeeds David B. Henry who retired as Vice Chairman of the Board of Directors and Chief Executive Officer on January 1, 2016.

“We are excited to have Conor as a member of Kimco’s Board of directors. His enthusiasm, extraordinary leadership and entrepreneurial vision will complement the board’s depth of knowledge and our shareholders will benefit greatly from his addition,” said Milton Cooper, Executive Chairman.

“I am honored to be part of Kimco’s Board and consider strong corporate governance a core principal to a successful organization,” said Mr. Flynn. “I have a deep passion for real estate and expect to make a number of meaningful contributions as a member of this board with the intention of further increasing shareholder value.”

Conor Flynn, who joined Kimco in 2003 as an asset manager, was appointed President of the company in August 2014 and has previously served in a number of other senior leadership roles with the organization including that of Chief Operating Officer, Chief Investment Officer and President, Western Region. Mr. Flynn received a B.A. degree in Economics from Yale University and a Master’s degree in Real Estate Development from Columbia University. Mr. Flynn is a licensed real estate broker in California, and a member of National Association of Real Estate Investment Trusts (NAREIT), Urban Land Institute (ULI) and International Council of Shopping Centers (ICSC).

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly-traded owner and operator of open-air shopping centers. As of December 31, 2015, the company owned interests in 564 U.S. shopping centers comprising 90 million square feet of leasable space across 38 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

SAFE HARBOR STATEMENT

The statements in this release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with the company’s expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the company’s Annual Report on Form 10-K for the year ended December 31, 2014 and any subsequent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Copies of each filing may be obtained from the company or the Securities and Exchange Commission.

The company refers you to the documents filed by the company from time to time with the Securities and Exchange Commission, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2014, as it may be updated or supplemented by subsequent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, which discuss these and other factors that could adversely affect the company’s results.

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty Corp. to announce its fourth quarter earnings on Wednesday, February 3, 2016 after market close

NEW HYDE PARK, N.Y., 2015-12-8 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) will announce its fourth quarter earnings on Wednesday, February 3, 2016 after market close. You are invited to listen to our quarterly earnings conference call, which will be broadcast live over the Internet on Thursday, February 4, 2016 at 10:00 AM EST.

Event: Kimco Realty’s Fourth Quarter Financial Results

When: 10:00 AM EST, February 4, 2016

Live Webcast: 4Q15 Kimco Realty Earnings Call under Kimco Investor Relations

Dial #: 1-888-317-6003 (Please ask to join KIM call)

If you are unable to participate during the live webcast, audio replay from the conference call will be available on Kimco Realty’s website at investors.kimcorealty.com. A taped presentation of the call can also be accessed through Wednesday, May 4, 2016 by dialing 1-877-344-7529 (passcode: 10077220).

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2015, the company owned interests in 710 shopping centers comprising 105 million square feet of leasable space across 39 states, Puerto Rico, and Canada. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Kimco Realty
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
dbujnicki@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty Corp. acquires Christown Spectrum for $115.3 million

NEW HYDE PARK, N.Y., 2015-12-2 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM), North America’s largest publicly-traded owner and operator of open-air shopping centers, today announced that it purchased an 850,000-square-foot destination power center in the PhoenixMesa-Scottsdale, Ariz. metropolitan statistical area (MSA) for $115.3 million. The property, situated one mile east of Interstate 17, is accessible by more than a dozen points of ingress/ egress and lies adjacent to the second-busiest light rail station in Phoenix.

Christown Spectrum is 94% occupied and is located at the dominant and highly trafficked (97,600 ADT) retail corner of West Bethany Home Road and North 19th Avenue in one of the most densely populated areas in the Phoenix metro, with a population of 437,000 within a 5-mile radius. It is anchored by a Wal-Mart Supercenter, Costco and SuperTarget; the only center in the U.S. to boast all three retailers. Supplementing the three main anchor tenants are several national and/or investment grade retailers such as Walgreens, Ross Dress for Less, PetSmart, Dollar Tree, Bank of America, Famous Footwear, GNC, Bath & Body Works, Supercuts, Taco Bell, Carl’s Jr. and Wingstop Restaurant.

The property offers various redevelopment and value creation opportunities including several below-market ground leases, the development of numerous pads and the expansion of leasable square footage.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly-traded owner and operator of open-air shopping centers. As of September 30, 2015, the company owned interests in 710 shopping centers comprising 105 million square feet of leasable space across 39 states, Puerto Rico, and Canada. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

SAFE HARBOR STATEMENT The statements in this release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with the company’s expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the company’s Annual Report on Form 10-K for the year ended December 31, 2014 and any subsequent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Copies of each filing may be obtained from the company or the Securities and Exchange Commission.

The company refers you to the documents filed by the company from time to time with the Securities and Exchange Commission, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2014, as it may be updated or supplemented by subsequent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission, which discuss these and other factors that could adversely affect the company’s results.

###

CONTACT:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

SOURCE: KIMCO

Kimco Realty Corp. to live audio webcast its 2015 Investor Day Presentation on December 10, 2015

NEW HYDE PARK, N.Y., 2015-12-1 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM), invites you to listen to a live audio webcast of its 2015 Investor Day Presentation on Thursday, December 10, 2015 in New York City. The webcast information is as follows:

Event: KIMCO Investor Day 2015
When: Thursday, December 10, 2015, 1:00 P.M. – 5:00 P.M., EST
Where: Live Webcast can be accessed by clicking on the following link:
http://services.choruscall.com/links/kim151210 or by typing the same into your web browser.

If you are unable to participate during the live webcast, an archive version of the presentation will be available for one year on Kimco Realty’s website at investors.kimcorealty.com.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly-traded owner and operator of open-air shopping centers. As of September 30, 2015, the company owned interests in 710 shopping centers comprising 105 million square feet of leasable space across 39 states, Puerto Rico, and Canada. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty Corp. announces its transaction activity for the third quarter of 2015 totaled more than $245 million

NEW HYDE PARK, N.Y., 2015-10-9 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today announced that the company’s transaction activity for the third quarter of 2015 totaled more than $245 million. Subsequent to the third quarter, Kimco acquired the remaining 85% ownership interest in a Houston power center for a gross price of $64 million, and also completed the sale of its ownership interests in 19 shopping centers in Canada to RioCan Real Estate Investment Trust (TSX:REI.UN) for CAD $477 million.

Third Quarter Activity:

Acquisitions:

  • As previously announced, Kimco acquired the remaining 80% ownership interest in Montgomery Plaza, a 465,000-square-foot power center located in the Dallas-Fort Worth-Arlington MSA, from RioCan for $58.3 million based upon a gross value of $72.9 million.
  • The company also opportunistically acquired a parcel adjacent to its flagship Suburban Square (Ardmore, Pa.) shopping center for $1.9 million.

Subsequently in October, Kimco exited another institutional joint venture by acquiring a partner’s 85% ownership interest in Conroe Marketplace (Houston-The Woodlands-Sugar Land MSA), a 289,000-square-foot power center, for $54.4 million based on a gross value of $64.0 million. The 98-percent-leased shopping center is anchored by strong national tenants such as TJMaxx, Ross Dress for Less, Bed Bath and Beyond, Ashley Furniture HomeStore, PetSmart, Old Navy and Ulta.

In addition, the company purchased a 36-acre tract of land in Houston for $13.2 million. This parcel lies directly across from Kimco’s Grand Parkway Marketplace ground-up development project and will be part of a phase II extension of this project.

Dispositions:

  • Sold interests in 14 U.S. properties, totaling 1.6 million square feet, for a gross sales price of $141.6 million. In addition, the company sold 14 wholly owned net-leased restaurant properties for $17.3 million. The company’s share from these sales was $97.4 million.
  • Disposed of its 50% interest in Centre Jacques Cartier located in Montreal, Canada for a gross sales price of CAD $17.6 million. The company’s share from this sale was CAD $8.8 million.

Subsequently, on October 6, 2015, Kimco completed the sale of its ownership interests in 19 Canadian properties to RioCan at a pro-rata purchase price of CAD $477 million, including the assumption of CAD $127 million of existing mortgage debt. The company will receive approximately $220 million in proceeds, net of its pro-rata share of debt and the impact of currency and taxes, which will be used to further strengthen Kimco’s balance sheet and fund redevelopment activities.

The sale of these 19 Canadian properties to RioCan is part of a larger announced transaction in which RioCan and Kimco have agreed to unwind their Canadian joint venture. This includes RioCan acquiring Kimco’s ownership interests in 22 properties from the RioCan-Kimco joint venture for CAD $715 million in a two-step process. The initial step was the sale of Kimco’s interest in these 19 properties; the second step will be the sale of the remaining three properties, totaling CAD $238 million including the assumption of CAD $104 million of existing mortgage debt, expected to close in the first quarter of 2016.

ABOUT KIMCO

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of June 30, 2015, the company owned interests in 727 shopping centers comprising 107 million square feet of leasable space across 39 states, Puerto Rico, Canada and Chile. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visitwww.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT

The statements in this release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with the company’s expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2014, as it may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

Kimco Realty Corp.
David F. Bujnicki, 1-866-831-4297
Vice President, Investor Relations and Corporate Communications
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

Kimco Realty Corp. announces its public offering of $350 million notes due 2045

NEW HYDE PARK, N.Y., 2015-3-24 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) today announced its public offering of $350 million notes due 2045 at a coupon of 4.25% per annum with an effective yield of 4.313%, maturing April 1, 2045. The company intends to use the net proceeds of approximately $342.7 million from the offering for general corporate purposes, including to (i) pre-fund near-term maturities, including one or more of the company’s (a) $184.2 million of mortgage debt maturing during the remainder of 2015 with a weighted average interest rate of 5.14%, (b) $100 million aggregate principal amount of 5.25% Senior Notes due September 2015 and (c) $150 million aggregate principal amount of 5.584% Senior Notes due November 2015 and (ii) partially reduce borrowings ($100 million as of December 31, 2014) under the company’s revolving credit facility maturing in March 2018 (subject to two six-month extension options), which borrowings bear interest at a rate of one-month LIBOR plus 0.925% (1.09% as of December 31, 2014).

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC served as the joint book-running managers for this offering. U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC served as the senior co-managers. BB&T Capital Markets, a division of BB&T Securities, LLC, BBVA Securities Inc., Citigroup Global Markets Inc., Mizuho Securities USA Inc., Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and UBS Securities LLC served as the co-managers.

The offering was made pursuant to an effective shelf registration statement, prospectus and related prospectus supplement. Copies of the prospectus supplement and the base prospectus, when available, may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, New York 10038, Attention: Prospectus Department or emailing dg.prospectus_requests@baml.com, Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free at (888) 603-5847 or emailing Barclaysprospectus@broadridge.com or Deutsche Bank Securities Inc., 60 Wall Street, New York, New York, 10005, Attention: Prospectus Group or toll-free at (800) 503-4611.

The offering was made pursuant to an effective shelf registration statement, prospectus and related prospectus supplement. Copies of the prospectus supplement and the base prospectus, when available, may be obtained by contacting Merrill Lynch, Pierce, Fenner & Smith Incorporated, 222 Broadway, New York, New York 10038, Attention: Prospectus Department or emailing dg.prospectus_requests@baml.com, Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free at (888) 603-5847 or emailing Barclaysprospectus@broadridge.com or Deutsche Bank Securities Inc., 60 Wall Street, New York, New York, 10005, Attention: Prospectus Group or toll-free at (800) 503-4611.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of December 31, 2014, the company owned interests in 754 shopping centers comprising 110 million square feet of leasable space across 39 states, Puerto Rico, Canada, Mexico and Chile. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years.

SAFE HARBOR STATEMENT
The statements in this release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with the company’s expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings, including but not limited to the company’s Annual Report on Form 10-K for the year ended December 31, 2014 and any subsequent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q or Current Reports on Form 8-K. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the sections titled “Risk Factors” in the prospectus supplement and prospectus relating to the company’s 4.25% Notes due 2045 and in the company’s Annual Report on Form 10-K for the year ended December 31, 2014, as it may be updated or supplemented by subsequent Annual Reports on Form 10-K or Quarterly Reports on Form 10-Q filed with the SEC, which discuss these and other factors that could adversely affect the company’s results.

 

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CONTACT:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corp.
1-866-831-4297
dbujnicki@kimcorealty.com

Kimco Realty Corp. announced transactions activity totaling gross amount of $3.1 billion for the full year 2014

NEW HYDE PARK, N.Y., 2015-1-8 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM), North America’s largest owner and operator of neighborhood and community shopping centers, today announced transactions totaling a gross amount of $999.0 million in the fourth quarter and $3.1 billion for the full year 2014. Highlights for the fourth quarter include the sale of 66 properties for a gross amount of $699.6 million as well as the acquisition of nine properties, including eight from existing joint ventures, for $245.0 million. In addition, the company purchased land for three new ground-up development projects for a total price of $54.4 million.

The major disposition and acquisition activities for the fourth quarter and full year 2014 are detailed below.

DISPOSITIONS
United States

During the fourth quarter, Kimco sold ownership interests in 41 properties (29 wholly owned and 12 joint ventures) in the U.S., totaling 4.5 million square feet, for a gross sales price of $492.3 million. The company’s pro-rata share from these sales was $325.8 million.

For the full year 2014, the company sold 91 U.S. shopping centers (61 wholly owned properties and 30 unconsolidated properties), totaling 9.6 million square feet, for a gross sales price of $1.0 billion, including $249.1 million of mortgage debt. The company’s pro-rata share from these sales was $710.8 million.

Latin America
In the fourth quarter of 2014, Kimco sold a total of 25 properties in Latin America totaling $207.3 million with the company’s pro-rata share from these sales of approximately $192.7 million. These sales included:
• A nine property portfolio in Mexico, totaling 2.7 million square feet, for approximately $180.9 million to one of its local operating partners;
• A Mexican portfolio of 13 net-leased properties for approximately $14.2 million;
• A shopping center in Puerto Vallarta, Mexico for approximately $6.4 million;
• The final two remaining Peruvian properties for approximately $5.8 million.

For the full year 2014, Kimco completed the sale of 41 properties in Latin America, totaling approximately 7.5 million square feet, for a gross sales price of $622.2 million, including $36.3 million of mortgage debt. The company’s pro-rata share from these sales was $496.1 million.

These sales reflect Kimco’s strategy to simplify its operations by exiting Latin America and focusing primarily on the U.S. and Canadian shopping center portfolios. With the consummation of these sales, the company has substantially liquidated its portfolio in Mexico, marking the significant completion of Kimco’s goal to exit Latin America.

As previously reported, in the company’s balance sheet within “Accumulated other comprehensive income” is a cumulative unrealized loss on foreign currency translation relating to the company’s investments in Mexico resulting from currency exchange rate fluctuations between the local currency and the U.S. dollar during the company’s investment holding period.

Under U.S. GAAP, upon the company’s substantial liquidation of its investments in a particular country, the company must recognize the then unrealized gain or loss on foreign currency translation in earnings.

Kimco estimates that it will, in the fourth quarter of 2014, recognize a loss from foreign currency translation in the range of $135 million to $145 million, which will be significantly offset from net gains on the sales of operating properties in both the U.S. and Mexico, estimated to be in the range of $105 million to $115 million, during the same period. The impact of currency will apply to the respective gains and losses on the sale of the operating properties and is excluded from the calculation of funds from operations (FFO). The final gains and losses on sales of properties, including the currency impact, will be determined upon the company’s completion of closing its books of account for year ended 2014.

ACQUISITIONS
In the fourth quarter, Kimco acquired nine shopping centers for its wholly owned portfolio totaling more than 1.4 million square feet for a gross purchase price of $245.0 million. In addition, the company purchased several land parcels totaling $54.4 million for three future ground-up development projects.

Fourth quarter acquisitions included:
• Braelinn Village, a 227,000-square-foot grocery-anchored center for $27.0 million in the highly desirable Atlanta suburb of Peachtree City, Ga. This area is recognized for its high barriers for new development and strong income levels, demonstrated by an average household income of $101,000 within a three-mile radius. The center is 94% occupied and anchored by an expanding Kroger grocer and substantially below-market Kmart.
• As previously announced, a portfolio of seven predominantly grocery-anchored shopping centers from Kimco’s joint venture with BIG Shopping Centers USA Inc. for a gross price of $195.0 million. The properties feature a well-known lineup of national retailers that includes Marshalls, Target, Dollar Tree, Sports Authority, and Ross Dress for Less along with grocers such as Safeway, Sprouts Farmers Market, and King Kullen.
• Acquired the remaining 89% equity interest in North Quincy Plaza, a grocery-anchored shopping center located in Boston Metropolitan Statistical Area (MSA) from an institutional joint venture partner, for a gross purchase price of $23.0 million.
• Wynnewood – Purchased land for $13.4 million toward the construction of a new 45,000 square foot Whole Foods anchored property located in Wynnewood, Pa., an affluent area in the Philadelphia-Camden-Wilmington MSA supported by high income and population levels.
• Promenade at Christiana – Acquired a former Sears distribution and surplus retail outlet for $13.4 million, which will be developed into a new 440,000 square foot power center. This 46 acre property, located in Christiana, Del. (Philadelphia-Camden-Wilmington MSA), fronts I-95 and is directly across from the Christiana Mall.
• Grand Parkway – Purchased 90 acres in Houston, Texas for $27.6 million for the future development of a 350,000 square foot grocery-anchored power center. The property is located off a new outer loop parkway and in close proximity to Exxon’s new corporate campus and The Woodlands, an upscale residential community in Houston.
For the full year 2014, Kimco acquired interests in 60 retail properties, including 33 acquired from existing joint venture partners, totaling 6.7 million square feet. The aggregate purchase price for these acquisitions was $1.4 billion, including $583.7 million of mortgage debt. These properties have, on a prorata basis, an average occupancy of 95.6% and an annual base rent of $15.23 per square foot and are supported by excellent demographics, including an average household income of $90,000 within a threemile radius.

Also, as previously announced, Kimco executed a contract to acquire the remaining 66.7% interest in the 39-property Kimstone portfolio from its joint venture partner, a subsidiary of Blackstone Real Estate Partners VII (BREP), for a pro-rata price of $925 million, which includes the assumption of approximately $426.7 million in mortgage debt. The company will pay approximately $512.3 million to acquire BREP’s interest with the transaction expected to close in the first quarter of 2015.

ABOUT KIMCO
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of September 30, 2014, the company owned interests in 814 shopping centers comprising 117 million square feet of leasable space across 41 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at
blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT
The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition and disposition opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2013, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results.

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CONTACT:
David F. Bujnicki
Vice President, Investor Relations and Corporate Communications
Kimco Realty Corporation
1-866-831-4297

Kimco Realty Corp. recognized for its outstanding commitment to sustainability and transparency by CDP and GRESB

Achieves Climate Disclosure Leadership Index and Green Star Designations

NEW HYDE PARK, NEW YORK, 2014-9-24— /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) has been recognized by two leading investor-backed organizations for its outstanding  commitment to sustainability and transparency. Today the company was named to the S&P 500 Climate Disclosure Leadership Index (CDLI) by the nonprofit CDP, the world’s global environmental disclosure system, for the depth and quality of information it disclosed to investors and the global marketplace this year. Kimco’s leadership status was announced in the CDP S&P 500 Climate Change Report 2014, which details how S&P 500 member companies are creating environmental and economic value through their sustainability initiatives.

This is the first year that Kimco has earned a position in the CDLI. The annual index spotlights the top 10 percent of respondents that have demonstrated the highest level of transparency and data quality in their disclosure of climate-related information and reporting of greenhouse gas emissions. Sixty-three companies are featured in the 2014 CDLI. Kimco supplied this information to CDP’s network of 767 institutional investors, who represent more than $92 trillion in assets.

In addition to Kimco’s CDLI recognition, the company recently earned the Green Star designation by the Global Real Estate Sustainability Benchmark (GRESB), the highest designation for respondents. Kimco’s headline GRESB score increased by 67 percent relative to 2013, advancing the company into the top quartile of over 600 global respondents. Founded in 2011, GRESB is an industry-driven organization committed to assessing the sustainability performance of real estate portfolios internationally. It is backed by 46 institutional investors with $5.5 trillion in capital under management. The Green Star is awarded to companies in the real estate industry that measure, implement, manage, and develop corporate responsibility as part of their daily operations.“We started participating in CDP and GRESB four years ago and have steadily improved our scores over the past few years,” said Conor Flynn, President and Chief Operating Officer at Kimco. “Our improvement as measured by these two leading organizations follows from a focused and ongoing internal effort to improve our sustainability performance. Our team, led by Director of Sustainability Will Teichman, has invested considerable time and resources in
developing an industry-leading program and this year’s recognition by CDP and GRESB validates Kimco’s efforts in this strategically important area.”

About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, New York, that owns and operates North America’s largest publicly traded portfolio of neighborhood and community shopping centers. As of June 30, 2014, the company owned interests in 840 shopping centers comprising 121 million square feet of leasable space across 41 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit http://www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

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Contact:
Will Teichman
Director of Sustainability
704-362-6123
wteichman@kimcorealty.com